I gotta tell you, I just got back from the most enjoyable afternoon I've had in a long time. I am in Phoenix for Christmas (yea!) and I scheduled a lunch with Stephenie and I had such a great time. I had a fabulous steak and this decadent brownie with about three cups of whipped cream on top (Mmmmmm!) and then we walked through Barnes and Noble and talked about books (you're shocked, I know.) Particularly about the gorgeous covers that Harper Collins tends to come out with and hopes that mine will be just as good.
There's something about cavorting with other authors. Instead of having to explain all of the lingo when you are trying to explain some aspect of publishing to normal people (because after all, we know authors are far from normal;)) she just nodded and the conversation continued smoothly. I got some good advice, some tips, gave a little advice of my own, and talked about myriad personal aspects of out lives to boot. I have not had such a nice visit with a friend in a very long time. I love having friends in the publishing industry. "Co-workers" as I joked to my father-in-law, but there's definitely some truth to the phrase.:) Anyway, I had a great time.
Okay, so now we are on to the lesser known Sub-rights and I will admit to not knowing nearly as much about these as the language rights, so if you have better info or I get it wrong, please correct me.:) I will, however, direct you to this entry by agent Kristin Nelson which is quite informative. (Actually, I recommend her entire Agenting 101 sequence even if you do have an agent. You'll find it on her right-hand sidebar.)
Sub-rights are basically all the versions of your book that are not actually a book. Audio and dramatic rights are the main two although there are others (like the right to make parts of your book into a calendar. Who knew?!) The nice thing about these rights is that although they are not typically big money-makers (with the exception of dramatic (film and TV) rights which can swing either way) they are great as bargaining chips. For example, something that you will not see in my PM announcement is that as well as World English Rights, I also sold Audio rights to Harper Collins (my books going to be an audio book, yea!). Why? Well, HC made an offer for X amount and asked for World Rights and for Jodi to take the book off the table. Jodi laughed (well, not really, but in the fantasy in my mind she laughs;)) and said, uh, no, you need to give me Y amount and you can only have World English Rights. They came back and said fine, you can have Y amount, but we want Audio too. And then we had a deal.
Honestly, I have no idea what Jodi is going to do with the other rights. I just don't think my book is calendar material.:) (Actually, we've already had a couple of nibbles on dramatic rights, but Jodi and my new film agent, Kassie, have decided to wait till the book is a little further down the editorial assembly line before they officially shop it about Hollywood.) But it's nice to know that if the opportunity arises to exploit some of these rights, they are still mine to sell.
So, quick question, what books are on your Christmas list this year? I saw tons of good ones at B&N today!!